Symbotic Inc. (NASDAQ:SYM) Shares Sold by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. trimmed its holdings in Symbotic Inc. (NASDAQ:SYM) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,328 shares of the company’s stock after selling 1,363 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Symbotic were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Symbotic by 58.2% in the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock valued at $32,000 after acquiring an additional 503 shares during the last quarter. Private Trust Co. NA acquired a new stake in Symbotic in the 4th quarter valued at about $47,000. Jones Financial Companies Lllp grew its stake in Symbotic by 154.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock valued at $58,000 after acquiring an additional 1,490 shares during the last quarter. Quest Partners LLC grew its stake in Symbotic by 19,307.7% in the 3rd quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock valued at $62,000 after acquiring an additional 2,510 shares during the last quarter. Finally, Quarry LP grew its stake in Symbotic by 89.9% in the 3rd quarter. Quarry LP now owns 3,508 shares of the company’s stock valued at $86,000 after acquiring an additional 1,661 shares during the last quarter.

Insider Buying and Selling at Symbotic

In related news, insider William M. Boyd III sold 2,660 shares of Symbotic stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.60, for a total transaction of $73,416.00. Following the sale, the insider now directly owns 40,812 shares in the company, valued at $1,126,411.20. The trade was a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rollin L. Ford sold 28,740 shares of Symbotic stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.02, for a total transaction of $747,814.80. Following the sale, the director now owns 10,447 shares in the company, valued at approximately $271,830.94. This represents a 73.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,987 shares of company stock worth $2,065,252. 0.60% of the stock is owned by insiders.

Symbotic Price Performance

Symbotic stock opened at $22.31 on Tuesday. The company has a market cap of $13.13 billion, a PE ratio of -318.67, a P/E/G ratio of 6.48 and a beta of 1.85. The company has a fifty day moving average price of $26.43 and a two-hundred day moving average price of $26.52. Symbotic Inc. has a 12 month low of $17.11 and a 12 month high of $50.41.

Symbotic (NASDAQ:SYM) last posted its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. Equities research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Northland Securities raised their price target on shares of Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. The Goldman Sachs Group decreased their price target on shares of Symbotic from $28.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, February 6th. Citigroup reaffirmed a “buy” rating and set a $37.00 price target on shares of Symbotic in a research note on Monday, January 13th. Needham & Company LLC decreased their price target on shares of Symbotic from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, BWS Financial reaffirmed a “sell” rating and set a $10.00 price target on shares of Symbotic in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $38.20.

About Symbotic

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.